The vitality retailer groups up with Enphase Power to combine family photo voltaic and batteries in vitality plans and create a Digital Energy Plant in Texas
Renewable vitality retailer Octopus Power U.S. in the present day introduced a brand new partnership with Enphase Power, Inc., the world’s main provider of microinverter-based photo voltaic and battery techniques. Octopus Power prospects now have the chance to combine Enphase dwelling photo voltaic and battery options of their vitality plan to unlock low-cost residential vitality charges. As a part of the settlement, Octopus Power will have the ability to flexibly management the shopper’s battery to scale back utilization when the grid is probably the most constrained and assist save prospects tons of of {dollars} annually.
With Kraken Flex, Octopus Power’s proprietary software program platform for managing, controlling, and optimizing Distributed Power Assets (DERs), Octopus Power plans to create a Digital Energy Plant with the Enphase dwelling battery techniques, and shall be bidding these DERs within the Electrical Reliability Council of Texas (ERCOT) ancillary markets, a primary of its form for these property. Octopus Power can optimize how a buyer’s battery interacts with the electrical grid by way of Clever Octopus, its good system retail vitality plan, prospects can entry the most affordable retail charges.
As Octopus Power expands its retail vitality presence to states exterior of Texas, Octopus Power hopes to make the most of this partnership, which each reduces prices for purchasers and promotes a cleaner grid.
“Our partnership with Enphase Power is a critically essential step as we speed up the renewable vitality transition throughout the U.S. Load flexibility creates huge worth in high-renewable vitality grids and vitality retailers have a singular potential to customise electrical charges for purchasers, so this an ideal alternative to combine the worth of demand response right into a retail product to create the most affordable charges for purchasers. Retailers have the chance to guide the vitality transition by combining customer-centric product choices, fashionable expertise, and rate-making authority to create merchandise that decrease prices and actually decrease carbon,” stated Michael Lee, CEO of Octopus Power U.S. “We look ahead to working with Enphase Power as we develop all kinds of low value and progressive charges to decarbonize our electrical grid.”
“We’re happy to accomplice with Octopus Power to carry dwelling photo voltaic and batteries to householders in Texas, serving to them higher handle their electrical energy prices and making a extra resilient vitality system for everybody,” stated Dave Ranhoff, Chief Business Officer at Enphase Power. “Our partnership is simply starting. We look ahead to increasing to new markets with world-class services and products to advance a extra sustainable future collectively.”
Octopus Power and Enphase’s partnership comes as policymakers across the globe look to leverage rising applied sciences to hasten the shift to renewables, in addition to eradicate limitations to scrub vitality progress. With Enphase Power, Octopus Power will allow prospects to optimize their dwelling vitality system round straightforward participation in ancillary markets and demand response packages for instant financial savings.
That is the newest step in Octopus Power’s mission to allow a better, greener future throughout the globe. Probably the most awarded vitality firms in the UK, the place the corporate was based 5 years in the past, Octopus Power entered the U.S. market in 2020. In 2022, the retailer launched Octopus Electrical Autos, its built-in demand response EV leasing plan that accelerates accessibility and adoption of EVs and good charging, in addition to Clever Octopus, a sensible demand response plan which lowers electrical charges by as much as 30 % simply by permitting Octopus to automate good charging for the shopper.
To be taught extra about Octopus Power, go to octopusenergy.com.
To be taught extra about Enphase, go to https://enphase.com/.
About Octopus Power
Octopus Power Group is a technology-driven, renewable vitality retailer, straight supplying over 3.2 million prospects globally with 100% inexperienced electrical energy at a less expensive value and with a give attention to unimaginable customer support. Based six years in the past as a worldwide vitality retailer, Octopus Power entered the U.S. market in 2020, forming Octopus Power U.S. and fueling the corporate’s international growth. Octopus Power is valued at practically $5 billion and is considered one of energy-tech’s fastest-growing personal firms. To be taught extra, go to: www.octopusenergy.com.
About Enphase Power, Inc.
Enphase Power, a worldwide vitality expertise firm primarily based in Fremont, CA, is the world’s main provider of microinverter-based photo voltaic and battery techniques that allow individuals to harness the solar to make, use, save, and promote their very own energy—and management all of it with a sensible cellular app. The corporate revolutionized the photo voltaic trade with its microinverter-based expertise and builds all-in-one photo voltaic, battery, and software program options. Enphase has shipped greater than 52 million microinverters, and over 2.7 million Enphase-based techniques have been deployed in additional than 145 international locations. For extra info, go to https://www.enphase.com and observe the corporate on Fb, LinkedIn and Twitter.
